Atlantic Pointe Phase II will consist of a blend of one- and two-bedroom units spread across four four-story buildings, complemented by 111 parking spaces. Residents will enjoy amenities shared with Atlantic Pointe Phase I, such as a business center, dog park, fitness center, green spaces, and package lockers. Conveniently located a few miles from downtown Brunswick and within a thirty-minute drive from both downtown Portland and Augusta, this property is just a quarter mile from Atlantic Pointe Phase I. Situated at the intersection of Admiral Fitch Avenue and Admiral Harry Rich Drive, the development is part of the revitalized Brunswick Landing Development, a former naval base now hosting nearly 2 million square feet of commercial and industrial space, including an aviation complex.
Matt Frazier, CEO and founder of Jones Street, expressed his enthusiasm: “We are excited to continue to expand our investment in the Brunswick market and provide much-needed housing to an undersupplied market with the strong fundamentals we look for. We look forward to continuing to work with the Midcoast Regional Redevelopment Authority (MRRA) in supporting the revitalization of the Brunswick Landing Development to serve the greater Brunswick community as job growth and the need for high-quality housing continue to climb. This investment exemplifies Jones Street’s commitment to providing essential housing stock to undersupplied communities across the Northeast, particularly in areas like Brunswick and the greater Portland market that enjoy high occupancy and long-term stability.”
The property is poised to benefit from the region’s robust employment market. Numerous major regional and national employers, including L.L.Bean, VividCloud, and General Dynamics Bath Iron Works, operate in the vicinity. Additionally, Bowdoin College, one of the nation’s top liberal arts schools, is located just a few miles away in downtown Brunswick. Brunswick, a highly-rated suburb in Maine, boasts an “A” rating on Niche.com and offers excellent public schools, a vibrant college town atmosphere, and easy access to diverse retail, restaurant, and nightlife options. The property is adjacent to Cooke’s Corner Shopping Center, which features various retail and dining options, and is near Thomas Pointe Beach.
Kristine Logan, Executive Director of the Midcoast Regional Redevelopment Authority, shared her excitement about the new development: “We are excited about the new housing development here at Brunswick Landing, which represents a significant step forward in addressing the critical need for housing in the Brunswick region. We welcome partners like Jones Street who are investing in Brunswick Landing and helping to realize a portion of the Master Reuse Plan that includes the creation of residential housing. This project not only provides high-quality homes for families and individuals but also contributes to the overall growth and revitalization of the former Naval Air Station.”
In addition to the original Atlantic Pointe community, Jones Street owns and operates The Havens at Brunswick, a neighboring multifamily community offering both apartments and townhomes. Jones Street’s optimistic outlook for the Brunswick market is driven by its strong fundamentals, including proximity to city centers and robust job markets, high quality of life, and a consistent long-term occupancy rate of 97% since 2016.
